Forms of Business Ownership

Lisää tämän kaltaisia

Stakeholder Involvement

luonut Lorie Bell

ADMINISTRATION & LEADING

luonut Syafiq Yusoff

itgs

luonut andrea garzon

Types and Forms of Business Ownership

luonut Fatima Mahaeen

Forms of Business Ownership

Franchise

-Follow all rules exactly -Less control

-Many connections and advertisement -Fast growth

Partnerships

-Potential separation -Disagreements in ideas

-Shared responsibility -More protection

Cooperatives

-Lots of competition -Coruption

-contribution and shared responsibility -Further marketing reach

Corporations

-Double taxation -Lots of protocols to follow

-security and continuity -Liability protection -More perspectives

Sole proprietors

disadvantages

-Risk of wrong decisions -Unlimited liability -Not as much advertisement -Less management

advantages

-Simplified ownership -Fewer registration fees -More freedom and control -Keep the profits